Pricing
All prices are up-to-date for 2025
Fair Market Value (FMV) of Insurance Policies
Below are our pricing details for the valuation of insurance policies.
We offer a discount for each additional policy when more than one policy is being evaluated.
What information and documents need to be provided for the Fair Market Value (FMV) assessment?
The information and documents required vary depending on the type of insurance policy being evaluated.
However, the following details about the insured are always required:
1) Date of birth
2) Current smoker or non-smoker status
3) Sex
4) Current health condition: Is the insured in standard good health relative to their age? If not, an assessment by an external underwriter will be required.
Preferred language for the final report:
1) Would you like the report in French or English?
For life insurance policies:
1) A copy of the contract (or the first few pages) showing the insured amount, minimum premiums, type of death benefit, etc.
2) A current statement showing the value of investment accounts or the cash surrender value.
3) If the policy is participating, provide a current illustration using both the regular and reduced dividend scale. This illustration can be obtained from your broker.
4) If the policy is term life (e.g., 10-year, 20-year), provide the renewal premiums and the premium payment frequency (annual or monthly). This information can also be obtained from your broker.
For critical illness insurance policies:
1) A copy of the contract (or the first few pages) showing the insured amount, premiums, riders, etc.
2) Cost breakdown for each rider.
3) Details of any split-dollar / ownership agreement related to the policy, if applicable.
Need help locating some of the required information or documents?
We can assist you in retrieving the necessary documents and details, including by contacting your professional advisor (broker, accountant, lawyer, etc.) directly.
What is the expected timeline for the preparation of the Fair Market Value (FMV) actuarial report?
Our standard processing time for producing the actuarial report is 5 to 10 business days.
However, we can prioritize urgent cases.
If your request is urgent, please contact us promptly and we will provide an estimated timeline for processing your file
When is it required to have the insured’s health status assessed by an underwriter?
A health assessment by an underwriter is required if the insured’s health condition has changed since the insurance policy was issued.
The insured’s current health status can significantly impact the Fair Market Value (FMV) of an insurance policy.
We work with independent underwriters who can assess the insured’s health when necessary. An additional fee of $300 (plus taxes) per insured person applies for this evaluation.
What to expect for the health assessment by the underwriter?
The external underwriter will contact the insured by phone to ask questions about their health status.
Following the assessment, the underwriter will provide us with a report detailing the insured’s health condition and insurability. This health evaluation is then used in the calculations to determine the Fair Market Value (FMV) of the insurance policy.
Can you provide us with an approximate Fair Market Value (FMV)?
In exceptional cases, we can provide a verbal approximate Fair Market Value (FMV) without cost.
Please note that this approximate FMV is not an official figure, as some information may be missing from the file. It is provided for indicative purposes only, to help determine whether the case should undergo a full analysis leading to a signed actuarial report.
It is important to understand that the final result may differ from the initial estimation.
For any other service, please contact us to request a quote.
Pricing will vary depending on the services required. We will assess your needs and provide you with a written service quote.
Do you have questions about our services?
We’ll be happy to provide you with more information and answer any questions you may have.